Companies actively following the scheme are understood to include Besixof Belgium, John Laing of the UK, Samsung Corporationof South Korea, and Vinci, Bouyguesand SAE, all of France.

The project will entail the construction of a new hotel on the existing site. It will have a built-up area of 51,000 square metres, with 285 rooms, in addition to conference facilities, restaurants and a multi-level underground car park. The main consultant working on the scheme is UK-based Wimberly Allison Tong & Goo.

The project is scheduled for completion in the first half of 2004.

The existing 588-room hotel was refurbished in the mid 1990s by SAE, which is now part of the Lafargegroup.